Hive Secures $350M Nvidia Deal Amid Shift to AI Cloud Services
HIVE Digital Technologies has secured a significant deal with an unnamed investment-grade enterprise customer for GPU cloud services. The five-year agreement, valued at approximately $350 million, will deploy a cluster of 2,016 Nvidia Blackwell Ultra GPUs at the Bell AI Fabric facility in Merritt, British Columbia.
The contract is expected to generate around $70 million in annual recurring revenue, bringing BUZZ HPC's total contracted ARR to about $180 million. This brings the company within striking distance of its $200 million target.
HIVE retains ownership of all deployed infrastructure after the contract term ends, allowing the company to redeploy or resell the equipment. The facility will be operational by Q4 2026 and powered entirely by renewable hydroelectric energy with closed-loop liquid cooling technology.